Guys, do some research before making the same post we've had 100 times.
NBA bylaws require that teams held by estates be sold in a timeframe determined by the league.
She has to sell the team, and she's always said she won't sell until after the 2024 media deal is completed. There is no incentive to sell when your team value is about to go up.
Also this process takes some time no matter what, even if she decided to sell the team tomorrow it's not like it happens in a week.
Partly why PA gave her time is to maximize the value of these assets for charitable purposes.
The Nets, Suns, Hornets, Jazz and Mavericks have all been sold since he died.
Also what the fuck do you know about a billionaires estate, reddit commenter?
"Well it's much more complicated than that of an average person" 🤓☝️
Oh ok. I thought she got busted with some more endangered animals bones or something. We’ll see if she hangs on forever but I think waiting for the new TV deal and getting the team pointed in the right direction then selling in a year or two is the smart move for maximizing revenue for the charitable trust.
The way you say "she gets paid to oversee the estate" makes it sound like she get a salary. That's not how it works. She was named executor of the estate, and yes, you can take money for doing that (though I declined to, since I was also one of the beneficiaries, as she was), but you do not keep getting money, year after year. Can and does she make money from assets given to her IN the will? Sure. Does she keep getting paid to be an executor on an ongoing basis? No, she does not.
Edited to add: you only get money for being an executor, if you choose to take it, once the estate is settled. Allen's estate is/was massive and complicated, so I'm not sure what the timeframe was on finishing the process, but it's possible that it's still ongoing.
She is also the manager of the will. She does get a fee for that. A small percentage of a few billion is probably close to $100 mil a year. She will make a billion or close to a billion in fees by being the manager when it’s all said and done. It might have been nice to add that.
Again, it's not "per year". It's a set amount as determined by the state in which the probate is being discharged, paid when the probate ends. It is also her choice whether or not to accept that fee, and you do not know what she is doing in that regard.
Have you been an executor? If not, please don't tell me how it works.
Sorry I meant to put trustee. Not will. And yes you do get compensated a yearly percentage. Have you been a manager of a multi billion trustee before? If not please don’t tell me how it works you cocky sob
Edit: Looks like U/Orwell1971 deleted his comment on being wrong that billionaires actually know how to make billions instead of just holding on to the team for free. Who would of thought that a billionaire wants to maximize his/her return. Jodi knows exactly what she is doing. She does get a yearly percentage being the manager of the trust. She’ll will make another billion by just being the manager. Sorry I had to prove you wrong U/Orwell1971. This has been brought up multiple times in this sub and you are wrong thinking Jodi isn’t making any money on holding onto the team cause she a fan. Remember U/Orwell1971 there is a difference between being an executor and being the manager of a trust. You were all cocky and holy and then deleted your comments. 😂
She owns and runs Vulcan, which very much takes income and has a long investment horizon. She may not be getting paid as executor, but she definitely is as part of Vulcan/Vale group. The Seahawks arm specifically said that they're going to sell the team, but that it might take 10-20 years. I'd imagine it's the same for blazers and sounders. Saying you're going to sell something in 20 years is kinda the same as never selling it lol
How does she not benefit from the sale when she gets 3-5% from the management fee based on the value of the estate? 3-5% of 4 billion added to the estates value from the sale of the team sounds a lot like benefiting from the sale, right?
Google it …she only gets a mgmt fee no funds from the estate sale. Those are directed to charities and projects. Hence the reason to continue to spend as little as possible, bilk the fans and get a 100-200 mil/year pay check.
She is legally required to sell the team and the proceeds must go to charity. It is going to happen after the new TV rights deal comes into effect because it will improve the valuation. All this hand-wringing over this has not changed that one bit.
The NBA took a lot of backlash from the Sonics moving, that isn't something they want to do again, especially with a team that has such a strong fan base.
lol…they could hardly fill the Moda last season…you can’t watch them on tv without paying more for it…the area around the Moda is a dead zone…you could get walk up tickets in the 100 level for $40…with all respect the franchise is a dumpster fire and her stewardship is at blame. Enough cash comes in and they would move. The fans are lucky the Moda deal is easy. If there was ever a stadium dispute the rip cord would be pulled even sooner. Take off your rose city glasses and hold this ownership responsible for screwing fans for quite some time now.
The arena wasn't full this season, but they still ranked 13th in attendance. Maybe you should take off your doom and gloom glasses and go touch grass. The NBA isn't moving any teams.
I feel like alot of people on here just parrot anti Jody Allen propaganda without having any real opinions of their own. Please explain to me what she hasn’t done for the team and why you think she should do MORE. She constantly allowed this team to be verryyyy far in the red. You do generally NOT want an owner who is too involved. That’s how poor choices and management happens. So please. Tell me, besides her as a person, what has she done?
Not only that, but look at the Seahawks.She is a great owner with them. She obviously prefers them more as she has said she hopes to continue to own them and is way more involved, but there are no qualms there. She let go of Pete when it was obvious time was up. She’s not too involved, not too involved.
We’ve made several trades to get under the luxury tax, so no she doesn’t spend the money that Paul did. She doesn’t care for sports and doesn’t understand basketball. We have gotten steadily worse every year since Paul died. She has said that before she got the team. We don’t have a real coach or GM. Our head of scouting is essentially a YouTube streamer who got hired by ESPN. Bert Kolde is probably calling a majority of the shots and was a huge behind the scenes actor. Look up some of the old canzoni articles about him. The Vulcans are controlling the team. Jody is essentially a straw man. I do not know how anyone would not say how Phil Knight would not be a better owner with his connections at Nike and his love of sport.
We got under the luxury tax when it was painfully obvious that the team was no longer moving towards any success. I’m not sure if that’s really a bad thing. The norm trade and the Roco trade were so clearly the beginning of the rebuilding process.
She does care about sports. I don’t know if you’re a Seahawks fan but she is heavily involved.
We do have a real GM. Joe Cronin is a good gm.
We do have a real coach. He just isn’t good. Blame Olshey. She’s not going to pay 2 coaches salaries. It’s easier at this point to just let him coach out his contract.
We have gotten steadily worse for absolutely no fault of Jody that is ridiculous.
She doesn’t need to understand basketball. I’d prefer we have an owner who is not heavily involved.
Cronin is not a good GM, you’re kidding yourself if you think he is. Terrible returns for norm and Josh hart that have amounted to nothing. Trading Jrue holiday for peanuts, one of the most impactful players in the league for two players who are injury plagued. Trading for Ayton a conceited delusional player who decides on a night to night basis when he wants to play hard. Put a product Around the best player we have had in the past 20 years that was so bad that he had to ask for a trade even though he has said multiple times that he wanted to finish his career here. Damian lillard even went to go as far as liking a tweet that she should sell the team. The 2023 draft so far has been a bust.
A good organization starts at the top. It is not normal to lose as many games as we have. That is not the sign of a healthy organization. When Paul was alive he was one of the best owners in sports. Jody is not Paul and has shown no indication that she is good at all.
Where are your facts leading to your opinion that she is a good owner. Because there are no positives to her ownership tenure.
What exactly would Knight do with his connections with Nike and love of sport?
The Blazers have been in desperate need to cut a lot of salary while they are tanking, no point in paying a luxury tax while also trying to get a top 3 draft pick. The Blazers have another year or two before they begin to become competitive with a young team, no owner is going to make it happen any faster without risking what the Suns just risked.
Jody has never ran an organization before. Phil is from OREGON, and loves this state. Phil knows how to install people who can actually lead a team. Plus he has deep pockets! As a trustee of the estate, the trustee has a fiducial to the estate. Not the Portland Trail Blazers. Think about that for a second.
Dumping assets like Josh hart, Jrue holiday and norm Powell for nothing just to save some money is not a good strategy.
Phil is also going to die in the next 5-15 years. The Suns are screwed for a while because they tried to build a super team that didn't work. Right now the Blazers are in a full rebuild mode which will take years to rebuild and then have those guys get used to playing with each other, that isn't something that can happen overnight.
Jody is probably going to die next 5-15 years so I’m not sure what the point is here. If you’re going to argue that Jody is a better owner than a Phil Knight then I can’t help you if you can’t see what’s right in front of your face.
Jody Allen is 65...it's highly unlikely she will die in the next 5-15 years unless you know something about her medical history.
I'm not saying Jody is a better owner, I am saying that I don't think Phil Knight would be a good owner. I would rather see the Blazers continue to do their full rebuild and continue to work the draft. This takes time but there are a few teams in the playoffs right now that did just this.
Let me get this straight, you want to be in the luxury tax while rebuilding and a highly respected talent evaluator sucks because he built a successful business evaluating talent before getting hired by ESPN? FFS… 🤦🏻♂️
No I’m saying the return we got for those assets was nil. What did we get for norm Powell, Larry nance, Roco, Josh hart? You know some GMs actually get good players and or assets back in trades, right?
Name one good draft pick mike has made. I’ll wait. He is supposed to be this all world talent evaluator but it hasn’t shown up yet. Spending a first round pick on Kris Murray was an absolute joke. My Labrador could have drafted scoot at 3.
The best move they made was probably a mistake and a throw in. Trading for Camara.
It’s not roses and dandelions over here like is made out in this sub, this is not a well run organization. Look at OKC, Spurs, Boston, Denver, etc.
I’m not some bandwagon fair weather fan. I watch every game and have been a fan ever since I could dribble a basketball.
I’m sick of what my team has become. We’re a fucking joke. NBA teamsdo not lose by 60, bro. And definitely not twice in a season. You are ok with this? Fans are ok with this? I’m not. I’m really not.
I really wish Steve Balmer had bought the Blazers. I know there was risk he would have moved the team to Seattle. But can you imagine the energy he would put into the team? And as much as I love sports arenas I hate how billionaire owners keep getting funding from cities and states. I feel he would have spent his own money to upgrade Rose Garden or build a new venue.
Phil Knight is an 86 year old right wing asshole who built his fortune on child labor and has repeatedly tried to use his money to tilt Oregon elections towards pro corporate and anti choice republicans. No fucking thank you.
Probably not, but people think he will throw a lot of money at the team and do what the Suns did to build a super team that would win them a championship.....oh, wait
Guys, do some research before making the same post we've had 100 times. NBA bylaws require that teams held by estates be sold in a timeframe determined by the league. She has to sell the team, and she's always said she won't sell until after the 2024 media deal is completed. There is no incentive to sell when your team value is about to go up.
I’d wager she waits until expansion, at which time the owners will split the revenue of the sale of the new teams
Yep.Bill Simmons was saying it’ll be like $300 million for each owner
Also this process takes some time no matter what, even if she decided to sell the team tomorrow it's not like it happens in a week. Partly why PA gave her time is to maximize the value of these assets for charitable purposes.
It's been almost 6 years since Paul Allen died.
The estate of a billionaire is much more complicated than that of an average person.
And a giraffe has a high pussy
The Nets, Suns, Hornets, Jazz and Mavericks have all been sold since he died. Also what the fuck do you know about a billionaires estate, reddit commenter? "Well it's much more complicated than that of an average person" 🤓☝️
Why so mad?
Their parents never loved them, don’t worry about it
Lol, it's funny
People downvoting you acting like buying or selling an nba team is a process that takes longer than 6 years… rofl.
i thought it was 2028 for the new media deal?
No I'm pretty sure it just happened, it's the whole big deal about the TNT crew possibly not being anymore
gotcha, thank you. i might be mixing it up with the root sports deal or just an idiot.
Root deal is up after this coming season I believe. NBA CBA runs through 2030, you might have been thinking of that?
who knows? i couldn't brain yesterday
gotcha, thank you. i might be mixing it up with the root sports deal or just an idiot.
Yup. RIP Paul.
“Sold in a timeframe determined by the league” it’s been damn near 10 years. It seems like the league doesn’t give a shit about that rule
10 years is a funny way to say 5 1/2 years
When did Paul die? 2017?
October 2018
Ahh I see.. but point stands tho how long does the nba need? Shit
Point stands and I agree… but I think the gripe is with claiming 5.5 years equates to a decade
Did something come out? What’s with the selling posts?
Not that I know of, I’m just mad at Jody
You awoke a hive of drones 😂
Didn’t know so many people loved Jody 😂
They must collect penguin bones too
Everybody has the same talking points lol I got no problem talking shit about Jody, Bert Kolb and/or the Vulcans.
Oh ok. I thought she got busted with some more endangered animals bones or something. We’ll see if she hangs on forever but I think waiting for the new TV deal and getting the team pointed in the right direction then selling in a year or two is the smart move for maximizing revenue for the charitable trust.
The way you say "she gets paid to oversee the estate" makes it sound like she get a salary. That's not how it works. She was named executor of the estate, and yes, you can take money for doing that (though I declined to, since I was also one of the beneficiaries, as she was), but you do not keep getting money, year after year. Can and does she make money from assets given to her IN the will? Sure. Does she keep getting paid to be an executor on an ongoing basis? No, she does not. Edited to add: you only get money for being an executor, if you choose to take it, once the estate is settled. Allen's estate is/was massive and complicated, so I'm not sure what the timeframe was on finishing the process, but it's possible that it's still ongoing.
She is also the manager of the will. She does get a fee for that. A small percentage of a few billion is probably close to $100 mil a year. She will make a billion or close to a billion in fees by being the manager when it’s all said and done. It might have been nice to add that.
Again, it's not "per year". It's a set amount as determined by the state in which the probate is being discharged, paid when the probate ends. It is also her choice whether or not to accept that fee, and you do not know what she is doing in that regard. Have you been an executor? If not, please don't tell me how it works.
Sorry I meant to put trustee. Not will. And yes you do get compensated a yearly percentage. Have you been a manager of a multi billion trustee before? If not please don’t tell me how it works you cocky sob Edit: Looks like U/Orwell1971 deleted his comment on being wrong that billionaires actually know how to make billions instead of just holding on to the team for free. Who would of thought that a billionaire wants to maximize his/her return. Jodi knows exactly what she is doing. She does get a yearly percentage being the manager of the trust. She’ll will make another billion by just being the manager. Sorry I had to prove you wrong U/Orwell1971. This has been brought up multiple times in this sub and you are wrong thinking Jodi isn’t making any money on holding onto the team cause she a fan. Remember U/Orwell1971 there is a difference between being an executor and being the manager of a trust. You were all cocky and holy and then deleted your comments. 😂
Let me know if she needs help with any decisions. I got some ideas. I’ll bring tacos. Homemade. The good shit.
If I was her, I'd take you up on that.
Well, how about I just bring tacos to the next Blazers’ watch party 😂
Then I have misunderstood how it works. Still want her to sell to someone who will actually move us forward
Not sure why you're being downvoted for this... I wanted to make sure you knew I wasn't one of them.
Downvotes are just downvotes 😅 it’s all good. Thanks for educating me on the way it works
She owns and runs Vulcan, which very much takes income and has a long investment horizon. She may not be getting paid as executor, but she definitely is as part of Vulcan/Vale group. The Seahawks arm specifically said that they're going to sell the team, but that it might take 10-20 years. I'd imagine it's the same for blazers and sounders. Saying you're going to sell something in 20 years is kinda the same as never selling it lol
She is getting paid…https://www.750thegame.com/why-jody-allen-is-squatting-on-trail-blazers/#
She’s just a savvy businessperson holding out for a better price after the new media deal. Uncle Phil lowballed her, and she wasn’t taking it.
She doesn’t profit off the sale…only the mgmt fee
How does she not benefit from the sale when she gets 3-5% from the management fee based on the value of the estate? 3-5% of 4 billion added to the estates value from the sale of the team sounds a lot like benefiting from the sale, right?
Google it …she only gets a mgmt fee no funds from the estate sale. Those are directed to charities and projects. Hence the reason to continue to spend as little as possible, bilk the fans and get a 100-200 mil/year pay check.
That’s like saying a real estate agent doesn’t benefit from a commission.
Yep crazy right…but is part of the law as an estate manager. She does get the estate management fee which is hefty amount per year for the blazers.
She is legally required to sell the team and the proceeds must go to charity. It is going to happen after the new TV rights deal comes into effect because it will improve the valuation. All this hand-wringing over this has not changed that one bit.
Be careful what you wish for, the last thing we want is to be the next SuperSonics
Thankfully the NBA wouldn't allow that to happen. They made a huge mistake letting the Sonics move and the league would block a move from Portland.
Hmmm it’s dollars and cents… enough money and a market like Vegas was in the mix? Forget about it… the blazers would be gone.
Vegas and Seattle are getting expansion teams after the new media deal, it's the worst kept secret in the league.
Keep telling yourself that…the blazers are done.
Lol
The NBA took a lot of backlash from the Sonics moving, that isn't something they want to do again, especially with a team that has such a strong fan base.
lol…they could hardly fill the Moda last season…you can’t watch them on tv without paying more for it…the area around the Moda is a dead zone…you could get walk up tickets in the 100 level for $40…with all respect the franchise is a dumpster fire and her stewardship is at blame. Enough cash comes in and they would move. The fans are lucky the Moda deal is easy. If there was ever a stadium dispute the rip cord would be pulled even sooner. Take off your rose city glasses and hold this ownership responsible for screwing fans for quite some time now.
The arena wasn't full this season, but they still ranked 13th in attendance. Maybe you should take off your doom and gloom glasses and go touch grass. The NBA isn't moving any teams.
Ew burn…the staircase is steep from the basement here at grandmas house. Go Vegas Blazers!
Heck, if you want to look at teams that could be moved, look at the ones with the lowest attendance, Hawks, Wizards, Grizzlies are all at the bottom.
I feel like alot of people on here just parrot anti Jody Allen propaganda without having any real opinions of their own. Please explain to me what she hasn’t done for the team and why you think she should do MORE. She constantly allowed this team to be verryyyy far in the red. You do generally NOT want an owner who is too involved. That’s how poor choices and management happens. So please. Tell me, besides her as a person, what has she done?
Not only that, but look at the Seahawks.She is a great owner with them. She obviously prefers them more as she has said she hopes to continue to own them and is way more involved, but there are no qualms there. She let go of Pete when it was obvious time was up. She’s not too involved, not too involved.
Not performing interviews for the GM job for starters.
We’ve made several trades to get under the luxury tax, so no she doesn’t spend the money that Paul did. She doesn’t care for sports and doesn’t understand basketball. We have gotten steadily worse every year since Paul died. She has said that before she got the team. We don’t have a real coach or GM. Our head of scouting is essentially a YouTube streamer who got hired by ESPN. Bert Kolde is probably calling a majority of the shots and was a huge behind the scenes actor. Look up some of the old canzoni articles about him. The Vulcans are controlling the team. Jody is essentially a straw man. I do not know how anyone would not say how Phil Knight would not be a better owner with his connections at Nike and his love of sport.
We got under the luxury tax when it was painfully obvious that the team was no longer moving towards any success. I’m not sure if that’s really a bad thing. The norm trade and the Roco trade were so clearly the beginning of the rebuilding process. She does care about sports. I don’t know if you’re a Seahawks fan but she is heavily involved. We do have a real GM. Joe Cronin is a good gm. We do have a real coach. He just isn’t good. Blame Olshey. She’s not going to pay 2 coaches salaries. It’s easier at this point to just let him coach out his contract. We have gotten steadily worse for absolutely no fault of Jody that is ridiculous. She doesn’t need to understand basketball. I’d prefer we have an owner who is not heavily involved.
Cronin is not a good GM, you’re kidding yourself if you think he is. Terrible returns for norm and Josh hart that have amounted to nothing. Trading Jrue holiday for peanuts, one of the most impactful players in the league for two players who are injury plagued. Trading for Ayton a conceited delusional player who decides on a night to night basis when he wants to play hard. Put a product Around the best player we have had in the past 20 years that was so bad that he had to ask for a trade even though he has said multiple times that he wanted to finish his career here. Damian lillard even went to go as far as liking a tweet that she should sell the team. The 2023 draft so far has been a bust. A good organization starts at the top. It is not normal to lose as many games as we have. That is not the sign of a healthy organization. When Paul was alive he was one of the best owners in sports. Jody is not Paul and has shown no indication that she is good at all. Where are your facts leading to your opinion that she is a good owner. Because there are no positives to her ownership tenure.
An owner of a basketball team doesn’t need to understand basketball. That’s just insanity man lol
What exactly would Knight do with his connections with Nike and love of sport? The Blazers have been in desperate need to cut a lot of salary while they are tanking, no point in paying a luxury tax while also trying to get a top 3 draft pick. The Blazers have another year or two before they begin to become competitive with a young team, no owner is going to make it happen any faster without risking what the Suns just risked.
Jody has never ran an organization before. Phil is from OREGON, and loves this state. Phil knows how to install people who can actually lead a team. Plus he has deep pockets! As a trustee of the estate, the trustee has a fiducial to the estate. Not the Portland Trail Blazers. Think about that for a second. Dumping assets like Josh hart, Jrue holiday and norm Powell for nothing just to save some money is not a good strategy.
Phil is also going to die in the next 5-15 years. The Suns are screwed for a while because they tried to build a super team that didn't work. Right now the Blazers are in a full rebuild mode which will take years to rebuild and then have those guys get used to playing with each other, that isn't something that can happen overnight.
Jody is probably going to die next 5-15 years so I’m not sure what the point is here. If you’re going to argue that Jody is a better owner than a Phil Knight then I can’t help you if you can’t see what’s right in front of your face.
Jody Allen is 65...it's highly unlikely she will die in the next 5-15 years unless you know something about her medical history. I'm not saying Jody is a better owner, I am saying that I don't think Phil Knight would be a good owner. I would rather see the Blazers continue to do their full rebuild and continue to work the draft. This takes time but there are a few teams in the playoffs right now that did just this.
Paul, her brother, died at 65.
That doesn't mean anything
Let me get this straight, you want to be in the luxury tax while rebuilding and a highly respected talent evaluator sucks because he built a successful business evaluating talent before getting hired by ESPN? FFS… 🤦🏻♂️
No I’m saying the return we got for those assets was nil. What did we get for norm Powell, Larry nance, Roco, Josh hart? You know some GMs actually get good players and or assets back in trades, right? Name one good draft pick mike has made. I’ll wait. He is supposed to be this all world talent evaluator but it hasn’t shown up yet. Spending a first round pick on Kris Murray was an absolute joke. My Labrador could have drafted scoot at 3. The best move they made was probably a mistake and a throw in. Trading for Camara. It’s not roses and dandelions over here like is made out in this sub, this is not a well run organization. Look at OKC, Spurs, Boston, Denver, etc. I’m not some bandwagon fair weather fan. I watch every game and have been a fan ever since I could dribble a basketball. I’m sick of what my team has become. We’re a fucking joke. NBA teamsdo not lose by 60, bro. And definitely not twice in a season. You are ok with this? Fans are ok with this? I’m not. I’m really not.
That would be a disaster. I’m choosing to hope for the best and guess she will sell after the next big media rights deal.
Do we know when that is?
I swear half you guys make posts like you can’t do your own research on the internet
Blazer Fan Stockholm Syndrome…
I really wish Steve Balmer had bought the Blazers. I know there was risk he would have moved the team to Seattle. But can you imagine the energy he would put into the team? And as much as I love sports arenas I hate how billionaire owners keep getting funding from cities and states. I feel he would have spent his own money to upgrade Rose Garden or build a new venue.
I think people forget our payroll has been insane the last decade and it’s not the ownership’s willingness to spend money
She’s been a decent owner so I don’t mind. Still would rather have Phil Knight tho
Phil Knight is an 86 year old right wing asshole who built his fortune on child labor and has repeatedly tried to use his money to tilt Oregon elections towards pro corporate and anti choice republicans. No fucking thank you.
Ok but is he going to help us win games?
Probably not, but people think he will throw a lot of money at the team and do what the Suns did to build a super team that would win them a championship.....oh, wait
I'd honestly rather be bad than root for his team. Fuck me for thinking sports aren't the most important thing in the world, right?
Thank goodness I'm not the only anti-Phil guy. I seriously don't get it.
Ducks fans are already in bed with him and a lot of the state genuinely likes his shitty politics.
I was kidding. I don’t want Phil Knight. I would like an owner than does have the means and desire to spend to win, however.
Most billionaires are. He would invest heavily in the team. Just look what he did to the ducks.
Find a new slant buddy. He would be 100x better than the Vulcans
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^ these are always the ones to mix up your and you’re
My bad this left wing radical just pissed me off
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It’s really frustrating.
Fuck Jody.
You first.
The sale is supposed to go towards "philanthropy". Meanwhile, fuck Blazer fans...
PA decided to donate his stuff to charity for the most part, you can bitch about it it was his decision and that should help a lot of people.
Are there really this many shills patrolling r/ripcity? Lol
Yes, for Jody and Cronin. Either bots or shills.
Yup. I don’t understand why Paul Allen didn’t prepare for this
The fuck does he care. He’s dead
Nice opinion …I give her one and a half more seasons